Henderson Global Equity Fund Market Value
| HFQCX Fund | USD 6.09 0.02 0.33% |
| Symbol | Henderson |
Henderson Global 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Henderson Global's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Henderson Global.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Henderson Global on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Henderson Global Equity or generate 0.0% return on investment in Henderson Global over 720 days. Henderson Global is related to or competes with Thornburg Investment, Henderson European, Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, and 70082LAB3. The fund pursues its investment objectives by investing, under normal circumstances, at least 80 percent of its net asse... More
Henderson Global Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Henderson Global's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Henderson Global Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6964 | |||
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 2.93 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 0.9709 |
Henderson Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Henderson Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Henderson Global's standard deviation. In reality, there are many statistical measures that can use Henderson Global historical prices to predict the future Henderson Global's volatility.| Risk Adjusted Performance | 0.0028 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Henderson Global's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Henderson Global Equity Backtested Returns
Henderson Global Equity holds Efficiency (Sharpe) Ratio of -0.0271, which attests that the entity had a -0.0271% return per unit of risk over the last 3 months. Henderson Global Equity exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Henderson Global's Market Risk Adjusted Performance of (0.01), risk adjusted performance of 0.0028, and Downside Deviation of 0.6964 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Henderson Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Henderson Global is expected to be smaller as well.
Auto-correlation | -0.1 |
Very weak reverse predictability
Henderson Global Equity has very weak reverse predictability. Overlapping area represents the amount of predictability between Henderson Global time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Henderson Global Equity price movement. The serial correlation of -0.1 indicates that less than 10.0% of current Henderson Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Henderson Global Equity lagged returns against current returns
Autocorrelation, which is Henderson Global mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Henderson Global's mutual fund expected returns. We can calculate the autocorrelation of Henderson Global returns to help us make a trade decision. For example, suppose you find that Henderson Global has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Henderson Global regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Henderson Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Henderson Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Henderson Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Henderson Global Lagged Returns
When evaluating Henderson Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Henderson Global mutual fund have on its future price. Henderson Global autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Henderson Global autocorrelation shows the relationship between Henderson Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Henderson Global Equity.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Henderson Mutual Fund
Henderson Global financial ratios help investors to determine whether Henderson Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Henderson with respect to the benefits of owning Henderson Global security.
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